1122 Franklin StCenter PointIA52213
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Center Point at 1122 Franklin St, Center Point, IA, 52213 generates $1,962/mo in rent and, after a $695/mo payment, leaves $1,023/mo in cash flow. Total monthly income is $1,962/mo, and annual cash flow is $12,272/yr on $47,073 invested. Return on cash invested sits at 45.98% in year one, and rental yield is 16.58% on a $142,000 entry. Equity gained on principal adds $916/yr, while 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 243.23% and total cumulative return in cash sums $114,494. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,962/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 52213, Center Point, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,816 (100%) |
| Owner Occupied HU | 1,476 (81.3%) |
| Renter Occupied HU | 241 (13.3%) |
| Vacant Housing Units | 99 ( 5.5%) |
| Median Home Value | $296,561 |
| Average Home Value | $399,499 |
Housing Distribution
Address Breakdown
Residential
1,600
Single Family
1,600
Multi-Family
0
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pam Wild • SKOGMAN REALTY
Mls Name: CRAAR, CDRMLS
Mls Provider:
Mls ID: #2503570
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.